3240. Rules applicable to order execution only accounts

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    1. For the purposes of Rule 3200, a Dealer Member that opens an order execution only account for a retail client must comply with the requirements in Parts A, B and D of Rule 3200, and if applicable, Parts E and F of Rule 3200. 

    2. For the purposes of Rule 3200, a Dealer Member that opens an order execution only account for an institutional client must:

      1. comply with the requirements in Parts A, B and D of Rule 3200, and if applicable, Parts E and F of Rule 3200, with the exception of sections 3216 through 3219, and

      2. ensure the sub-account files of an institutional client refer to the documentation contained in the master file to which it is related.

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    There is no history log for this rule.